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VA Mortgage

Veterans Administration (VA) mortgages help service members, Veterans and eligible surviving spouses become homeowners. Bank SNB is proud to offer this unique and flexible loan program to those who have sacrificed for our country.

VA loans offer a no down payment option for qualified, eligible borrowers. These loans have less rigorous qualification standards than most conventional loans and no requirement for Private Mortgage Insurance (PMI) since VA loans are government-backed. Interest rates are also typically as competitive, if not lower, than most mortgage loan programs available. However, unlike other types of mortgages, VA loans require the property to be your primary residence and have strict guidelines as to the condition of the property.

Length of service or service commitment, duty status and character of service all determine eligibility for specific home loan benefits under a VA mortgage. To help determine eligibility, you should obtain a Certificate of Eligibility (COE) from the VA. A COE can be obtained online through eBenefits, by mail or directly from a VA office.

For more information, visit the Department of Veterans Affairs website.

Whether you are considering purchasing a new home or deciding if it’s the right time to refinance, use our calculators to help you make your decision. Explore our helpful resources to answer many of your mortgage questions, or talk with one of our loan officers to determine the mortgage that’s right for you.